Common use of [Compliance with Foreign Law Clause in Contracts

[Compliance with Foreign Law. The Pledgor represents that it has taken, and agrees that it will continue to take, all actions required under the laws (including the conflict of laws rules) of its jurisdiction of organization to ensure that the Transaction Liens on the New Collateral rank prior to all Liens and rights of others therein, except Permitted Liens.7] 7 Include Section 6 if the Pledgor is organized under the laws of a jurisdiction outside the United States.

[Compliance with Foreign Law. The Pledgor represents that it has taken, and agrees that it will continue to take, all actions required under the laws (including the conflict of laws rules) of its jurisdiction of organization to ensure that the Transaction Liens on the New Collateral rank prior to all Liens and rights of others therein, except Permitted Liens.7] 7 Include Section 6 if the Pledgor is organized under the laws of a jurisdiction outside the United States.]